Is Investment-Cash Flow Sensitivity Caused by the Agency Costs or Asymmetric Information? Evidence from the UK
Year of publication: |
2005
|
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Authors: | Renneboog, Luc ; Pawlina, G. |
Institutions: | Tilburg University, Center for Economic Research |
Subject: | investment-cash flow sensitivity | ownership and control | asymmetric information | liquidity constraints | agency costs of free cash flow | large shareholder monitoring | Shapley values |
Extent: | application/pdf |
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Series: | |
Type of publication: | Book / Working Paper |
Notes: | The text is part of a series CentER Discussion Paper Number 2005-23 |
Classification: | D92 - Intertemporal Firm Choice and Growth, Investment, or Financing ; G31 - Capital Budgeting; Investment Policy ; G32 - Financing Policy; Capital and Ownership Structure |
Source: |
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